ERIK SANDNES AS

7800 NAMSOS

Finances

Return on Equity

13,35 %

Current Ratio

2,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 648 000	12 977 000	11 732 000	12 470 000
Net Income	522 000	977 000	962 000	285 000
Total Assets	6 677 000	6 682 000	5 544 000	4 569 000
Total Equity	3 910 000	3 788 000	3 211 000	2 249 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 648 000	12 977 000	11 732 000	12 470 000
Expenditure	14 023 000	11 701 000	10 381 000	12 095 000
Operating Profit	624 000	1 277 000	1 352 000	374 000
Financial Income	9 000	11 000	−16 000	0
Financial Costs	23 000	18 000	25 000	29 000
Financial Balance	−14 000	−7 000	−41 000	−29 000
Earnings Before Tax	610 000	1 270 000	1 311 000	346 000
Tax	88 000	293 000	349 000	61 000
Net Income	522 000	977 000	962 000	285 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	530 000	373 000	365 000	411 000
Total Current Assets	6 148 000	6 309 000	5 179 000	4 158 000
Total Assets	6 677 000	6 682 000	5 544 000	4 569 000
Total Retained Equity	3 810 000	3 688 000	3 111 000	2 149 000
Total Equity	3 910 000	3 788 000	3 211 000	2 249 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 767 000	2 894 000	2 333 000	2 320 000
Total Equity and Debt	6 677 000	6 682 000	5 544 000	4 569 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 648 000	12 977 000	11 554 000	12 468 000
Other Income	0	0	178 000	2 000
Revenue	14 648 000	12 977 000	11 732 000	12 470 000
Cost of Goods Sold	8 227 000	6 688 000	5 575 000	6 798 000
Salary Costs	2 988 000	2 556 000	2 231 000	2 545 000
Depreciation	63 000	34 000	67 000	106 000
Impairment	0	0	0	0
Expenditure	14 023 000	11 701 000	10 381 000	12 095 000
Operating Profit	624 000	1 277 000	1 352 000	374 000
Financial Income	9 000	11 000	−16 000	0
Financial Costs	23 000	18 000	25 000	29 000
Financial Balance	−14 000	−7 000	−41 000	−29 000
Dividends	400 000	400 000	0	0
Net Income	522 000	977 000	962 000	285 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	182 000	213 000	244 000	275 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	156 000	60 000	0	36 000
Total Tangible Assets	339 000	273 000	244 000	311 000
Total Fiancial Fixed Assets	191 000	100 000	121 000	100 000
Total Fixed Assets	530 000	373 000	365 000	411 000
Stock	3 047 000	2 634 000	2 201 000	2 013 000
Total Investments	0	0	0	0
Cash, Bank	2 721 000	3 429 000	2 666 000	1 882 000
Total Current Assets	6 148 000	6 309 000	5 179 000	4 158 000
Total Assets	6 677 000	6 682 000	5 544 000	4 569 000
Total Equity	3 910 000	3 788 000	3 211 000	2 249 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 102 000	934 000	928 000	990 000
Unpaid Taxes	721 000	753 000	539 000	651 000
Dividends	400 000	400 000	0	0
Other Current Debt	456 000	514 000	517 000	618 000
Total Current Debt	2 767 000	2 894 000	2 333 000	2 320 000
Total Equity and Debt	6 677 000	6 682 000	5 544 000	4 569 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,35 %	25,79 %	29,96 %	12,67 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,26 %	9,84 %	11,52 %	3 %
Current Ratio	2,22	2,18	2,22	1,79
Quick Ratio	−21,96	24,27	39,23	13,54
Equity Ratio	0,59	0,57	0,58	0,49
Gross Profit Margin	43,84 %	48,46 %	52,48 %	45,49 %